CF Industries Holdings (CF) was Downgraded by BofA/Merrill to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on May 24, 2016.
Many Wall Street Analysts have commented on CF Industries Holdings. Shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Sector Perform” and Lowered the Price Target to $ 33 from a previous price target of $35 .CF Industries Holdings was Downgraded by BofA/Merrill to ” Neutral” on Apr 6, 2016. Shares were Downgraded by Piper Jaffray on Mar 28, 2016 to ” Neutral” and Lowered the Price Target to $ 34 from a previous price target of $40 .
On the company’s financial health, CF Industries Holdings reported $0.76 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Feb 17, 2016. Analyst had a consensus of $0.86. The company had revenue of $1115.80 million for the quarter, compared to analysts expectations of $1091.34 million. The company’s revenue was down -8.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.82 EPS.
CF Industries Holdings closed down -0.15 points or -0.52% at $28.59 with 43,74,979 shares getting traded on Friday. Post opening the session at $28.8, the shares hit an intraday low of $28.32 and an intraday high of $29.04 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Feb 24, 2016, Bert A Frost (Sr. VP Sales, Dist’n & Mkt Dev) purchased 8,000 shares at $31.31 per share price. According to the SEC, on Feb 24, 2016, W Anthony Will (CEO) purchased 25,000 shares at $32.76 per share price. On Nov 12, 2015, Philipp P Koch (Sr. VP, Manufacturing) purchased 10,000 shares at $46.98 per share price, according to the Form-4 filing with the securities and exchange commission.
CF Industries Holdings Inc. is the manufacturer and distributor of nitrogen fertilizer and other nitrogen products. The Companys nitrogen fertilizer products include ammonia granular urea and urea ammonium nitrate solution (UAN). The Companys other nitrogen products include ammonium nitrate (AN) diesel exhaust fluid (DEF) urea liquor and aqua ammonia. The Companys customers include cooperatives independent fertilizer distributors and industrial users. It operates seven nitrogen fertilizer production facilities in North America. The Company owns four production facilities in the Central United States one in Medicine Hat Alberta Canada and one in Courtright Ontario Canada. It also has a 75.3% interest in Terra Nitrogen Company L.P. (TNCLP) and its subsidiary TNLP which owns a nitrogen fertilizer facility in Verdigris Oklahoma.